June 5, 2026 3:29 PM
India’s Agriculture GVA More Than Doubles to Rs 48.7 Lakh Crore in a Decade
The gross value added (GVA) of India's agriculture and allied sector more than doubled from Rs 20.9 lakh crore in 2014-15 to Rs 48.7 lakh crore in 2023-24, accounting for around 18 per cent of the country's total GVA, according to an official statement issued on Friday. The sector recorded a compound annual growth rate (CAGR) of 8.83 per cent at current prices during the period, while crop GVA increased from Rs 12,92,874 crore in 2014-15 to Rs 26,52,891 crore in 2023-24. According to the state...